Lemminkäinen and YIT will complete the merger
LEMMINKÄINEN CORPORATION STOCK EXCHANGE BULLETIN 10.12.2009 AT 8:15 LEMMINKÄINEN RESOLVED ON AN INCENTIVE PLAN FOR KEY PERSONNEL The Board of Directors of Lemminkäinen Corporation has approved a new share-based incentive plan for the Group key personnel. With the same, the current commitment programme for the top management of Lemminkäinen is cancelled. The aim of the new Plan is to combine the objectives of the shareholders and the key personnel in order to increase the value of the Compa
LEMMINKÄINEN CORPORATION STOCK EXCHANGE BULLETIN 10.12.2009 AT 8:15 LEMMINKÄINEN RESOLVED ON AN INCENTIVE PLAN FOR KEY PERSONNEL The Board of Directors of Lemminkäinen Corporation has approved a new share-based incentive plan for the Group key personnel. With the same, the current commitment programme for the top management of Lemminkäinen is cancelled. The aim of the new Plan is to combine the objectives of the shareholders and the key personnel in order to increase the value of the Company, to commit the key personnel to the Company, and to offer them a competitive reward plan based on holding the Company shares. The new Plan includes three earning periods; calendar years 2010, 2011 and 2012. At the beginning of each earning period the Board of Directors of the Company will decide on the earnings criteria and on the targets to be established for each period. For the earning period 2010, the potential reward from the Plan will be based on Lemminkäinen Group´s Equity Ratio and on the Return on Investment percentage. The potential reward from the earning period 2010 will be paid partly in the Company's shares and partly in cash in 2011. The proportion to be paid in cash will cover the imputed taxes and tax-related costs arising from the reward. The shares must be held for two years after the end of the earning period. Should a key person's employment or service in the Company end for reasons arising from the key person during the aforementioned two years, he/she must gratuitously return the shares given to him/her as reward to the Company. The CEO of the Company and the members of the Group Executive Board must hold 50% of the shares received on the basis of the Plan for two years after the first two-year period when 100% of the shares must be held. The Plan is targeted to approximately 30 people. The rewards to be paid on the basis of the Plan will correspond to the value of a maximum total of 300,000 Lemminkäinen Corporation shares during a three-year period (including also the proportion to be paid in cash). LEMMINKÄINEN CORPORATION Corporate Communications ADDITIONAL INFORMATION: President & CEO Timo Kohtamäki Lemminkäinen Corporation Tel. +358 2071 53263 DISTRIBUTION: NASDAQ OMX Helsinki Ltd Key media www.lemminkainen.com Lemminkäinen Group operates in all areas of the construction sector. The Group's business sectors are building construction, infrastructure construction, technical building services, and building products. Net sales in 2008 were approx. EUR 2.5 billion, of which international operations accounted for over a quarter. The Group employs about 9,000 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com